Find the Cheapest The Illuminating Company Electric Rates in 2024

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EnergyPricing.com / Utilities / The Illuminating Company Electric Rates

Last Updated: September 09, 2024

Key Points

  • The Illuminating Company is a deregulated electricity market meaning you can shop electricity suppliers for a cheaper rate. 
  • Compare electric rates and providers with EnergyPricing.com by entering your zip code in on online comparison tool.

Today's Best Electricity Rates in The Illuminating Company

Average Electricity Rates in The Illuminating Company

Many factors, like weather conditions, energy demand, regulatory factors, and competition among electricity providers, affect electric rates in The Illuminating Company. Below are the current average electricity rates offered by retail providers in this market. 

Current Avg. Electricity Rates 

12 Month Fixed Rate $0.0798
24 Month Fixed Rate $0.0941
36 Month Fixed Rate $0.1057
Last Updated: December 6, 2024

Understanding The Illuminating Company Electric Rate Options

You have two options when it comes to your electricity supply.

  1. The default option is to stay with utility company, The Illuminating Company Ohio.
  2. The other option is to switch to a third-party supplier for your electric.

What is Ohio's Customer Choice Program?

Similar to how you would shop for other products and services, you have the ability to choose your energy supplier. The Customer Choice Program in Ohio empowers energy customers, ranging from large manufacturers to residential homeowners, to explore energy options from a diverse selection of competitive suppliers certified by the Public Utilities Commission of Ohio (PUCO). This freedom to shop around often leads to significant savings for the customer.

Here's how it works:

  1. Compare Rates: The first step is to compare Illuminating Company rates offered by different suppliers. You can do this by visiting EnergyPricing.com and using our rate comparison tool. This will allow you to see all the available rates in your area and choose the one that fits your needs.
  2. Choose Your Plan: Once you have found a rate that suits your needs, it's time to select a plan. Make sure to carefully review the terms and conditions of each plan before making a decision.
  3. Switch Suppliers: After selecting a plan, you will need to switch suppliers. This enrollment process is quick and easy on EnergyPricing.com. Be sure to have your 17-digit Service Delivery Identifier (SDI) number found on your bill ready. Suppliers will need this account number to switch you successfully.

Would you like to see how it works in real-time?

Watch the video below to learn how shop online with EnergyPricing.com.

How to Shop Youtube CoverHow to Shop Youtube Cover

Customer Reviews

Benefits of Switching Your Electric Supplier

Take a moment to ponder a few advantages that await when you make the decision to switch your electricity supplier:

  • No Interruption in Service: Rest assured that your electricity service will remain uninterrupted during the switching process. The Illuminating Company will continue to deliver your electricity and handle any power outages, ensuring a seamless transition.
  • Budget Certainty: Gain peace of mind with stable electricity rates. By choosing a third-party electricity supplier, you can lock in a fixed rate for up to 48 months, avoiding the fluctuating default rates of The Illuminating Company.
  • Go Green: Making the switch also allows you to support renewable energy. Many third-party suppliers offer 100% Green Energy Plans, perfect for those committed to reducing their carbon footprint.

The Illuminating Company Ohio's Price to Compare

The price to compare is the benchmark that competitive suppliers need to beat. It's the price you'll compare against the offers from potential suppliers. For The Illuminating Company electric customers, your price to compare includes combined costs for generation supply and transmission services.

The Illuminating Company's residential “Price to Compare” for the generation supply portion of your bill for the period of September 1, 2024 through September 30, 2024 is $0.0874/kWh*. 

 

Disclaimer: The current The Illuminating Company's Price to compare information was obtained from sources that we believe to be reliable, but its accuracy and completeness are not guaranteed. 

Factors to Consider When Comparing Suppliers

When selecting an electricity supplier, it's important to consider more than just the lowest rates. Take into consideration other essential factors to ensure that you choose a provider that meets your needs and preferences.

  • Price: This is often the most critical factor for many customers. Be sure to compare different rates and plans from each supplier to find an option that aligns with your needs and budget. The rate comparison tool at EnergyPricing.com can help streamline this process.
  • Customer Reviews: Reviews from other customers can help you get a sense of a company's reliability and quality of customer service. Take the time to read through these reviews to gather insights about the supplier's performance and reputation.
  • Company Size and Stability: Consider the number of customers a company serves. A larger customer base often translates to more resources, which can mean better service and prompt response to customer needs.
  • Company History: The length of time a company has been in operation can indicate their experience and reliability. Companies with a long history of providing dependable service are more likely to continue doing so.
  • Contract Terms: Always read the entire agreement carefully. Look for any hidden fees or penalties, understand the cancellation clauses, and pay special attention to the contract length. These factors can significantly impact your experience with the supplier and potential savings.

By considering these factors, you can make an informed choice and select a supplier that perfectly aligns with your energy requirements.

The Illuminating Company Ohio Service Area

The Illuminating Company Ohio Service AreaThe Illuminating Company Ohio Service Area

The Illuminating Company Ohio’s service area covers much of northeast Ohio. They provide electricity to commercial and residential customers in the greater Cleveland area. 

Power Outage in The Illuminating Company Ohio

Experiencing a power outage can be frustrating. It is important to know that when a power outage occurs, you should contact The Illuminating Company Ohio directly. They are the company responsible for maintaining the electricity in your area and will resolve the issue.

Here is more information on how to contact The Illuminating Company Ohio for power outages and other scenarios you may incur.

Commercial Electric Rates in The Illuminating Company Ohio

Business owners, are you exhausted from the hassle of pricing your business electricity accounts? EnergyPricing.com is the perfect solution! Say goodbye to time-consuming phone calls and face-to-face meetings for good.

EnergyPricing.com is a hassle-free platform that enables you to receive quotes from multiple electric companies.

Tips for Lowering Your Electric Bill in The Illuminating Company Ohio

There are multiple ways to reduce your monthly bills within this service area. Some options include:

  1. Shop for Better Rates - One of the easiest ways to lower your electricity bill is to shop around for better rates. One option is Apples to Apples Ohio, the Ohio Public Utilities Commission shopping website. It's important to note that any licensed supplier can post offers there, regardless of reputation and customer service complaints. Unlike the state shopping website, EnergyPricing.com pre-screens all our suppliers and energy plans to bring you the best options. 
  2. Upgrade to Energy-Efficient Appliances - Replacing old appliances with energy-efficient models can make a significant impact on your energy bill. Look for products with the Energy Star label, which indicates that they meet federal energy efficiency standards. 
  3. Adjust Your Thermostat - Lowering your thermostat by just a few degrees can result in significant savings on your energy bill. You can also invest in a programmable thermostat to automatically adjust the temperature when you're not home or asleep.
  4. Unplug Unused Electronics - Even when turned off, electronics and appliances still draw power and contribute to your energy bill. Unplug devices when not in use to avoid this "phantom" energy usage.

Ready to Start Pricing? Save Today!

Take control of your Illuminating Company Ohio electric bill today. By comparing and selecting cheaper electric rates, you can harness the power to lower your energy costs.

So what are you waiting for? Simply press the Get Started button and start comparing electricity rates today!

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